Exhibit 13-8
the Following Estimated Regression Model Was Developed Relating $\hat { Y }$

question 136

Multiple Choice

Exhibit 13-8
The following estimated regression model was developed relating yearly income Y in $1,000s) of 30 individuals with their age X1) and their gender X2) 0 if male and 1 if female) .
$\hat { Y }$ =30+0.7X1+3X2
Also provided are SST = 1,200 and SSE = 384.
-Refer to Exhibit 13-8. The model

• A) is significant
• B) is not significant
• C) would be significant is the sample size was larger than 30
• D) None of these alternatives is correct.

Comprehend the importance of tone and content in business communications.

Grasp the ethical considerations in writing recommendation letters and handling claims or adjustments.

Recognize the role of social media in modern business communication, especially in news releases.

Understand how to respond to requests for adjustments and claims, including when the company or a third party is at fault.

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Definitions:

Asch Situation

A psychological experiment by Solomon Asch that demonstrates the power of conformity in small groups, where individuals often agree with an incorrect majority opinion on a clear task.

Personalities

The combination of characteristics or qualities that form an individual's distinctive character or persona.

Decreasing Jury

Refers to the process or phenomenon of reducing the size of a jury or the number of jurors in legal proceedings.

Anticonformists

Individuals who actively resist conforming to group norms, expectations, or pressures, often seeking to maintain a sense of personal identity and independence.